CHARLOTTE, N.C., Oct. twenty, 2021 (Globe NEWSWIRE) — LPL Fiscal LLC (Nasdaq:LPLA} announced nowadays that Riolo Fiscal Group has joined LPL Financial’s broker-vendor, corporate registered expenditure advisor (RIA) and custodial platforms. The team documented possessing served somewhere around $250 million in advisory and brokerage belongings*. They join LPL from Ameriprise Fiscal.
Dependent in New Metropolis, N.Y., the arranging-dependent apply was established in 2014 when business veteran Dominick Riolo CFP®, teamed up with his son, Frank Riolo CFP®. With the shift to LPL, their longtime colleague Lisa Sherman CFP®, officially joins the team. The three monetary advisors are assisted by two office environment help workers users. “We function to make certain every single customer has a roadmap that normally takes their complete monetary photograph into account and adapts to their altering demands,” Dominick Riolo explained.
Just after extensive owing diligence, which involved interviewing six corporations and speaking with their respective advisors, the team chose to companion with LPL for the subsequent chapter of their company. “With so substantially consolidation in the monetary advice business, it was vital for us to affiliate with a foremost prosperity management company. As a publicly traded company, we believe that LPL can offer our company and clientele with prolonged-expression stability in this ever-altering environment,” Riolo explained. “Additionally, the shift to LPL allows us to have a lot more independence in how we run. LPL absolutely supports its advisors as impartial company homeowners we are not calculated in opposition to other advisors, and LPL does not create conflict by offering proprietary monetary products.”
Scott Posner, LPL govt vice president, Small business Progress, mentioned, “On behalf of the complete LPL group, we lengthen a heat welcome to Dom, Frank and Lisa. We are very pleased they acknowledged our stability as a advantage to their apply and clientele. We are committed to our advisors’ achievement and will keep on to invest in modern abilities and sturdy company alternatives built to assist them thrive. We look forward to a prolonged-lasting connection with the complete team at Riolo Fiscal Group.”
Examine about other corporations that just lately joined LPL in the LPL Fiscal Information and Media portion of LPL.com.
Advisors, come across an LPL company progress representative near you.
About LPL Fiscal
LPL Fiscal (Nasdaq: LPLA) was established on the principle that the company should really function for the advisor, and not the other way close to. Now, LPL is a leader** in the markets we provide, supporting a lot more than 19,000 monetary advisors, 800 establishment-dependent expenditure courses and 450 impartial RIA corporations nationwide. We are steadfast in our commitment to the advisor-centered design and the belief that Us citizens have earned entry to aim guidance from a monetary advisor. At LPL, independence means that advisors have the independence they have earned to select the company design, solutions, and technologies means that allow them to run their best apply. And they have the independence to handle their customer interactions, simply because they know their clientele finest. Just place, we take treatment of our advisors, so they can take treatment of their clientele.
** Leading RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report) No. one Independent Broker-Supplier in the U.S (Dependent on full revenues, Fiscal Arranging journal 1996-2021) No. one service provider of third-party brokerage solutions to banks and credit history unions (2020-2021 Kehrer Bielan Investigate & Consulting Once-a-year TPM Report) Fortune 500 as of June 2021
*Dependent on prior company and represents belongings that would have been custodied at LPL Fiscal, fairly than third-party custodians. Reported belongings and customer numbers have not been independently and absolutely confirmed by LPL Fiscal.
Securities and advisory solutions provided as a result of LPL Fiscal LLC, an SEC- registered broker-vendor and expenditure advisor. Member FINRA/ SIPC
Through this interaction, the conditions “financial advisors” and “advisors” are applied to refer to registered representatives and/or expenditure advisor representatives affiliated with LPL Fiscal LLC. We routinely disclose information that might be vital to shareholders in the “Investor Relations” or “Press Releases” portion of our website.
Riolo Fiscal Group and LPL Fiscal are different entities.
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